Syndicated loan

Otterbourg Names Valerie Mason and Nneoma Maduike as Co-Chairs of Lender Finance Practice Group

Friday, February 26, 2021 - 7:12pm

announced today that Valerie S. Mason and Nneoma A. Maduike have been named Co-Chairs of the firms Lender Finance Practice Group.

Key Points: 
  • announced today that Valerie S. Mason and Nneoma A. Maduike have been named Co-Chairs of the firms Lender Finance Practice Group.
  • Ms. Maduike and Ms. Mason are also members of Otterbourgs Finance practice, which encompasses acquisition finance, asset-based lending, structured finance, bankruptcy financing, international and syndicated lending, among other specialized areas.
  • The newly formed Lender Finance practice group reflects a formal acknowledgment of Otterbourgs long term growth and expansion of lender finance transactions as part of that practice and our ability to help lenders limit and manage their risk while developing positive relationships with borrowers.
  • Otterbourgs Lender Finance practice is a subset of Otterbourgs highly regarded Finance practice, in which Ms. Maduike and Ms. Mason are members of the firm and for which the firm is highly regarded and frequently honored by leading industry associations and publications.

UnitedLex Congratulates Credit Suisse on Providing the Most Efficient Secondary Trades Settlement Services in the European markets for 2019 and 2020

Wednesday, February 24, 2021 - 6:05pm

UnitedLex congratulates Credit Suisse on being recognized as the number one most efficient provider of Secondary Trades settlement services in the European (LMA) markets two years consecutively (2019 and 2020).

Key Points: 
  • UnitedLex congratulates Credit Suisse on being recognized as the number one most efficient provider of Secondary Trades settlement services in the European (LMA) markets two years consecutively (2019 and 2020).
  • UnitedLex is proud of the work our LexLoan team has done to support Credit Suisse in earning this distinction.
  • Credit Suisse has partnered with UnitedLex since 2011 in the loan syndication operations in both the American (LSTA) and European (LMA) markets.
  • As part of the Corporate and Commercial Services group within UnitedLex, LexLoan Services apply the award-winning processes developed at Credit Suisse and UnitedLex to deliver industry excellence in the Syndicated Loan markets.

KBRA Releases Research – Coronavirus (COVID-19): U.S. BSL CLO Sector Exposure Map: January 2021

Tuesday, February 23, 2021 - 6:59pm

Kroll Bond Rating Agency (KBRA) releases a report which details U.S. broadly syndicated loan (BSL) collateralized loan obligation (CLO) exposure to corporate sectors amid the ongoing coronavirus (COVID-19) pandemic.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) releases a report which details U.S. broadly syndicated loan (BSL) collateralized loan obligation (CLO) exposure to corporate sectors amid the ongoing coronavirus (COVID-19) pandemic.
  • In this report, we provide an update on U.S. CLO sector exposure and overall industry credit quality, based on reported data from March 2020 through January 2021 trustee reports for a representative sample of transactions.
  • We also include the Structured Credit Publication Index, which contains links to recent KBRA reports within the Structured Credit sector.
  • Coronavirus (COVID-19): U.S. BSL CLO Sector Exposure Map: December 2020
    KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.

BOK Financial names new managing director of loan syndications

Monday, February 22, 2021 - 1:00pm

TULSA, Okla., Feb. 22, 2021 (GLOBE NEWSWIRE) -- BOK Financial (NASDAQ: BOKF) announced today that Kaushik Ponnusamy has been named the successor to retiring Evans Swann and will assume the role of managing director of loan syndications for the organization.

Key Points: 
  • TULSA, Okla., Feb. 22, 2021 (GLOBE NEWSWIRE) -- BOK Financial (NASDAQ: BOKF) announced today that Kaushik Ponnusamy has been named the successor to retiring Evans Swann and will assume the role of managing director of loan syndications for the organization.
  • Kaushik is acutely aligned with the BOK Financial vision of syndications, said Scott Andrews, senior vice president and chief operating officer for the Commercial Division.
  • He joined BOK Financial in 2017 and was instrumental in growing the firms syndications efforts within the Commercial Real Estate line of business.
  • BOK Financial Corporation's holdings include BOKF, NA; BOK Financial Securities, Inc., BOK Financial Private Wealth, and BOK Financial Insurance, Inc. BOKF, NA operates TransFund, Cavanal Hill Investment Management and BOK Financial Asset Management, Inc. BOKF, NA operates banking divisions across eight states as: Bank of Albuquerque; Bank of Oklahoma; Bank of Texas and BOK Financial (in Arizona, Arkansas, Colorado, Kansas and Missouri); as well as having limited purpose offices Nebraska, Milwaukee and Connecticut.

KBRA Releases Research – Coronavirus (COVID-19): U.S. BSL CLO Sector Exposure Map: December 2020

Friday, January 22, 2021 - 2:54pm

Kroll Bond Rating Agency (KBRA) releases a report which details U.S. broadly syndicated loan (BSL) collateralized loan obligation (CLO) exposure to sectors that have experienced negative credit migration as a result of the ongoing coronavirus (COVID-19) pandemic.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) releases a report which details U.S. broadly syndicated loan (BSL) collateralized loan obligation (CLO) exposure to sectors that have experienced negative credit migration as a result of the ongoing coronavirus (COVID-19) pandemic.
  • In this report, we provide an update on U.S. CLO sector exposure and overall industry credit quality, based on reported data from March through December 2020 trustee reports for a representative sample of transactions.
  • We also include the Structured Credit Publication Index, which contains links to recent KBRA reports within the Structured Credit sector.
  • Coronavirus (COVID-19): U.S. BSL CLO Sector Exposure Map: November 2020
    KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.

FUNDINGO Announces Loan Servicing Solution for Small Construction Lenders

Tuesday, January 19, 2021 - 2:00pm

LOS ANGELES, Jan. 19, 2021 /PRNewswire/ --FUNDINGO has announced a new version of its loan management software built specifically for small construction lenders.

Key Points: 
  • LOS ANGELES, Jan. 19, 2021 /PRNewswire/ --FUNDINGO has announced a new version of its loan management software built specifically for small construction lenders.
  • Unlike servicing loans manually with paper, emails, and spreadsheets, the FUNDINGO system makes it easy for lenders to adjust payments, disbursements, draws, accruals, fees and other loan terms to suit the needs of their borrowers.
  • "Our team has leveraged its expertise to deliver a system that meets the specialized needs of small construction lenders," said Henry Abeneim, CEO of FUNDINGO.
  • FUNDINGO is a loan management solution designed specifically for alternative lenders.

KBRA Releases Research – Coronavirus (COVID-19): U.S. BSL CLO Sector Exposure Map: November 2020

Friday, December 18, 2020 - 9:24pm

Kroll Bond Rating Agency (KBRA) releases a report which details U.S. broadly syndicated loan (BSL) collateralized loan obligation (CLO) exposure to sectors that have experienced negative credit migration as a result of the ongoing coronavirus (COVID-19) pandemic.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) releases a report which details U.S. broadly syndicated loan (BSL) collateralized loan obligation (CLO) exposure to sectors that have experienced negative credit migration as a result of the ongoing coronavirus (COVID-19) pandemic.
  • In this report, we provide an update on U.S. CLO sector exposure and overall industry credit quality, based on reported data from March through November 2020 trustee reports for a representative sample of transactions.
  • We also include the Structured Credit Publication Index, which contains links to recent KBRA reports within the Structured Credit sector.
  • Coronavirus (COVID-19): U.S. BSL CLO Sector Exposure Map: October 2020
    KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.

Turkiye Garanti Bankasi A.S.: Announcement regarding Syndicated Loan Agreement

Tuesday, December 15, 2020 - 2:07pm

With the public disclosure referenced above, it was announced that on November 18, 2020, our Bank signed a syndicated loan agreement with a maturity of 367 days, consisting of USD 267,500,000 and Euro 312,000,000 in two separate tranches, and that the total loan amount may be increased with new participation through the accordion terms under the agreement.

Key Points: 
  • With the public disclosure referenced above, it was announced that on November 18, 2020, our Bank signed a syndicated loan agreement with a maturity of 367 days, consisting of USD 267,500,000 and Euro 312,000,000 in two separate tranches, and that the total loan amount may be increased with new participation through the accordion terms under the agreement.
  • In line with the accordion terms, as a result of the new participations, the amount of the said syndicated loan, has been increased to USD 267.500.000 and Euro 332.000.000.
  • In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
  • We declare that our above statements are in conformity with the principles included in the Board's Communiqu, Serial II Nr.15.1, that it exactly reflects the information we received; that the information complies with our records, books and documents; that we did our best to obtain the correct and complete information relative to this subject and that we are responsible for the declarations made in this regard.

KBRA Releases Research – Coronavirus (COVID-19): U.S. BSL CLO Sector Exposure Map: October 2020

Monday, November 23, 2020 - 4:44pm

Kroll Bond Rating Agency (KBRA) releases a report which details U.S. broadly syndicated loan (BSL) collateralized loan obligation (CLO) exposure to sectors that have experienced negative credit migration as a result of the ongoing coronavirus (COVID-19) pandemic.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) releases a report which details U.S. broadly syndicated loan (BSL) collateralized loan obligation (CLO) exposure to sectors that have experienced negative credit migration as a result of the ongoing coronavirus (COVID-19) pandemic.
  • As the calendar approaches 2021, KBRA is constructive on the prospect of an overall economic rebound, which should bode well for corporate credit activity.
  • We also include the Structured Credit Publication Index, which contains links to recent KBRA reports within the Structured Credit sector.
  • Coronavirus (COVID-19): U.S. BSL CLO Sector Exposure Map: September 2020
    KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.

Turkiye Garanti Bankasi A.S.: Announcement regarding Syndicated Loan Agreement

Thursday, November 19, 2020 - 7:03am

On 18.11.2020 our Bank has signed a syndicated loan agreement with 367 days maturity in the amount of US $ 267.500.000 and 312.000.000 comprising of two separate tranches.

Key Points: 
  • On 18.11.2020 our Bank has signed a syndicated loan agreement with 367 days maturity in the amount of US $ 267.500.000 and 312.000.000 comprising of two separate tranches.
  • The loan which will be used for trade finance purposes has been executed with commitments received from 30 financial institutions from 18 countries.
  • The all-in cost for USD and EUR tranches have been realized as Libor + 2.50% and Euribor + 2.25% respectively.
  • The total loan amount may be increased with new participations through the accordion terms under the agreement.